Whether you already live here or are just looking around for possible new stomping grounds, Mayfair is undoubtedly a great place to invest. It is located in the heart of London and is one of its most famous and prestigious districts. But asides from its location, amenities, and reputation, why else should you consider investing here, and is it really worth the price tag?
It’s a good investment, and there are lots of choices
Ok, this is two reasons rolled into one, but they are essential. Mayfair offers a lot of choices for those looking to snap up prime real estate. For example, there are studios starting at GBP350,000 with prices going up to GBP11 million and more for detached houses. But there is plenty in between as well. You can choose from stylish, modern apartments in new developments or more classic homes in the quintessential Victorian, Edwardian, or Georgian styles that London is famous for.
In terms of investment, this part of London will never go down in value. While the prices are indeed high, you can expect a return in the long term. If you are looking for an investment property or want to be sure it won’t decrease in value over time, it could be worth considering Mayfair. There are plenty of tools and resources worth utilising if this is on the cards for you. For example, online mortgage advice sites like Trussle can help you figure out your budget based on your income and outgoings, how long you want to borrow and at what percentage. It can then compare deals from many main lenders to find the one that suits you. Billed as the UK’s best mortgage broker, it can save you up to £290 a month on your mortgage by searching for the best mortgage rates. The information provided on-site will help you determine what you can afford in Mayfair and whether buying to live, buying to invest, or buying to rent in London’s most sought-after area is feasible.
It is full of famous people
Mayfair has long been a playground for the rich and famous, and it counts Sir Winston Churchill, George Frederic Handel, and even rockstar Jimmi Hendrix as some of its most well-known ex-residents. Florence Nightingale, P.G Wodehouse, and Fanny Burney also called it home. It has also been home to many blue-blooded individuals, including Queen Elizabeth II and more than its fair share of princes, princesses, earls, dukes, lords, and ladies.
It has some of the best shops in the world
The area has many high-end shops and boutiques offering the best luxury goods and designer brands. It is also home to Burington Arcade, a one-of-a-kind offering of antique, vintage, and niche stores. Many art galleries, artisanal food and craft shops, and jewellery stores offer the finest in bespoke gems and precious metals. Of course, you will also find the lux names everyone likes, such as Balmain, Balenciaga, Christian Louboutin, and Jenny Packham, to name but a few.
Considering it is a wealthy, luxurious, popular area frequented by celebrities, it makes sense that there are several exceptional dining establishments throughout Mayfair. There are at least 16 such places with Michelin Stars, including Alain Ducasse at The Dorchester with three, Helene Darroze at the Connaught with three, Le Gavroche with two, and a whole host of one star, including Kai Mayfair, Murano, Sabor, Umu, Pollen Street Social and Jamavar. Most of these will require a reservation, often far in advance, to be sure you will secure a seat. Of course, there are other options, including quirky eateries, street food, and a range of takeaways serving world cuisine.
Nightlife in Mayfair offers a very high-end experience where dress codes and expensive cocktails are de rigour. Some will require reservations, many are members only, and almost all have strict door policies regarding clothing, minimum spend, and even status. Big names on the nightlife scene include Claridge’s Bar, May Fair Bar, Mews Cocktail Bar, Annabel’s, Langan’s, The Twenty Two, and Maison Estelle. There are clubs and bars for every kind of client, as long as you have money to spend.